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20121027
20121104
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sandy. much of that devastation centered on new jersey where the powerful storm came ashore. a storm almost 900 miles wide, growing rest were from the atlantic at 30 miles-per-hour last night. hurricane sandy was a monster storm, one that has killed at least 39 people in this country after killing nearly 70 people in the caribbean since last friday. hundreds of thousands of people evacuated as the storm advanced in its wake billions of dollars in damage, more than 8 million people tonight without power. the hurricane slammed into the northeast with winds upwards of 90 miles-per-hour and a record-breaking 14-foot east coast storm surge, tearing up coastal communities up and down the eastern seaboard. sandy making her landfall in southern new jersey and, as you can see, the resort-laden jersey shore beach communities were among the hardest hit. you're looking at the most recent overhead images, punishing winds and massive flooding turning the casino town into a raging river. governor chris christie calling the damage simply unthinkable. even before it made landfall the storm did not sp
a week away. melissa: hurricane sandy pounding the east coast. we have rubber great and jeff flock covering this. >> we have emergency officials from the fire department telling people to leave. it is in evacuation zone after all. obviously, it is closed today. sandbags outside. lots of tourist there incidentally taking pictures. getting a little more than they bargained for with their trip to new york. there are a few shops open. down here in battery park, you cannot even find a starbucks or mcdonald's that is open much less one of the local dailies. they are all closed up. it will be a large impact. i heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. this things always seem to happen at the end of the month. what would they rather do than go to the spa, but unfortunately, he could not get his workers in. so many of these places are closing down, including the restaurant we are standing in the backyard of, really. we did have water coming almost all the way up earlier at high tide around 9:00 a.m. t
tomorrow. ashley: the dow is in the red but damage from sandy isn't done yet. the focus turns to recovery, so does its ballooning price tag. the latest, $1 billion damage estimates and keeps going up. melissa: president obama said it for the floor before the election. chris christie be just the ticket to boost president obama in the polls, we will ask lou dobbs. ashley: let's get to nicole petallides on the floor of the nyse. she is back in action. nicole: we are back in action. the boards of the nyse open and most folks made it here in some form. a smooth opening, some down arrows across the board for the most part but after two days of no trading we are back in action. most of the dow components have down arrows and focus duncan neiderauer, the ceo of the stock exchange, i asked him if they could open monday or tuesday and fear is what he had to say. >> we certainly could have operated electronically. what the industry told us sunday was please don't open electronically because we have to put a lot of our people in harm's way so let's not do that. i wish the industry and we came to deci
here. dagen: thank you, charles. we are covering hurricane sandy from all angles. including the financial angle. no stock market trading greatly exchanges holding a conference call just in the last hour. we have charlie gasparino in the studio with us. breaking news off of that call as the effort is going on to get the exchange up and running. connell: sandy shattering records. devon .5 million people without power on the east coast. it blocked roadways and flooded cars, in-home it will be a huge undertaking to get people's lives and businesses back to normal. dagen: both of the campaign candidates focusing on canceling events. one week to go until the election day. connell: we have an update coming up shortly from governor andrew coumo of new york. the national hurricane center releasing the latest update on hurricane sandy. dagen: we are with our chief forecaster from weather.com. the storm is working its way in. reporter: is weakening pretty quickly. but it is really following apart fast. the next 24 to 36 hours, the major weather event from this is falling snow. now we h
back to normal. the devastation from superstorm sandy, is massive. in aftermath of storm 39 people are dead tonight, in manhattan, 18 people. more than 8 million people are without power, here in network america city especially, much of manhattan still without power, we'll cover other parts of the region as well, city's transit system still shut down and could be for days, but the thousand mile wide storm is moving west today across pennsylvania, and ohio. with winds near 50-miles an hour, it will head back to new york tate later tonight, the storm is getting weaker, forecasters warn sandy could bring heavy rain and flooding, sandy brought blizzard conditions to west virginia, and neighboring states like north carolina, with snowfall nearing 3 feet in some places, some worse damage in new jersey, sandy sent tidal rav tied waivee throughout -- wave surge throughout the night, jeff flock is joining us from point pleasant, new jersey, what are you seeing. i'm just glad to see you again. i've been worried watching you cover the storm. >> reporter: it started with you you gerri. look at
mixed and virtually flat. today a nice rally underway by lots of aftermath and recovery after sandy. taking a look at these charts for you. seeing up arrows, the dow up 120 points, the s&p up nearly 1%, the tech heavy nasdaq up one and a quarter percent. you can look over a period of a month, the month of october we actually snapped a four month winning streak. october was a losing month on wall street butt kicking off november we're starting with up arrows across the board with names like home depot. everybody getting supplies to clean up after the hurricane, is a leader. lori: investors are loving the bullish economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better than expected. in the manufacturing sector we learned activity expanded at a faster pace than projected showing the industry is stabilizing..3 consumer confidence rose for the second month to a high not seen since february 2008. keep in mind report done before the hurricane. can we expect the stock market rally
on the latest on superstorm sandy. charlie: people are dead across seven states, more than seven million without power. three public transportation and homes are flooded. we will talk to governor of pennsylvania tom corbett about the impact on his state and recovery efforts. ashley: stock market closed for a second day because of the storm. first-time weather has caused that to happen since 1880. the new york stock exchange and nasdaq announcing they will be open tomorrow for regular trading operations. more on that coming up. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower manhattan and had a look around more of the city before we grab you here. how is
. thanks a lot. a lot of people were watching, sandy, the san francisco giants winning the world series and second title in three years, beat the detroit tigers 4-3 and swept the series of the fourth time in the last nine years the world series has been a sweep. an amazing comebacks for the giants, down 3-1 against the cardinals in the previous series and won seven straight games, seven games in a row. and now, we have to show you this from the nfl yesterday guys. the new york football giants, they survived and they did survive barely against the dallas cowboys and bryant looked like a game winning touchdown and came down with the fingertips out of bounds barely, but you can see it on the replay and the giants went on to win, and ten seconds left by the way when it happened. and giants win 29-24. well, there's still eight days until the election and what has become a very close race and it's taking an a back stage to the polls-- to the storm, rather, we will have the latest polls for you and the big question now, is romney losing momentum? we'll ask andrea about that and of course, we'r
away. good morning, everybody. we continue to track hurricane sandy. 90-mile per hour sustained winds. the storm still a category one, but it is so much more. connell: job astarte is all over it. it is so much more. you have been on it from the beginning. >> one of the things i have been advocating over the years is the power rating. if you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get the same net result as it hits land. what we have been saying at whether bell is when it took the turn to the northwest, we have been on this for the last five or six days i actually believe it is a bit stronger than what the hurricane center is saying. south of montauk, there have been wind gusts of 130 miles per hour. that would be close to what that barometric pressure is. that is now down as low as we have ever seen it. this is an extremely serious situation. all of the new jersey shore will be devastated. we will have record high tides in new york
of -- nicole petallides. nicole: so far, so good. day two of trading after hurricane sandy hits the eastern seaboard. names like home depot and lowe's have been doing well on the heels of everybody rushing to get things to clean up after the hurricane hit. also, there was separation as well. the immediate impact of sandy is quite significant, trucking volumes and that will take time for a to get back to normal. the more people over the last year or so. hell shire posted solid topline during the latest quarter. connell: it was an absolute commuting nightmare. take a look at the gas lines. this is similar in many areas. miles long. people waiting for hours following hurricane sandy to fill up their car. let's bring in tom kloza. >> this is all about the power. once the power comes back, people will get their fuel. connell: it is not as if in a normal situation we would have any supply issues. you definitely have a lot of demand for gasoline. power is a big-time issue. does it have any impact on market dynamics and pricing? >> i think a lot of demand is being destroyed. i think what you will s
average. all the preparation that went into preparing a for hurricane sandy and we have home depot and lowe's sending hundreds of trucks, items people need after the hurricane. trash bags, everything from chainsaws, everything for cleanup. tons of sales for that particular item, cleaning up the eastern seaboard. connell: a lot of challenges. good to see the market up and running. the chief economist's i age as global in sight joins us. lot of people talking over the last day or two about the economic impact of what we have all been through in the northeast. what do you think it will be? >> this is a unique storm. many of them are unique but this is particularly unique because of the impact it had on new york city and the fact that it has disrupted business and will continue to disrupt it for some time given the subway system downtown essentials paralyzed and will be for some days. you have a combination of business disruption and the fact that some of the refineries have been affected on the east coast so you have the gasoline effect and price is up on gasoline and destruction and
, and destruction caused by hurricane sandy. you are looking at is the small new york city community of breezy point, queens, home after home, burned to the ground. more than 100 houses reduced to ash, breezy point, one of many east coast communities devastated. by the superstorm. at least 62 storm-related deaths have been reported since sandy made landfall in southern enginemenmentnewjersey. 71 pearished in the caribbean. and national largest city is still struggling to begin to recover. large swaths of downtown manhattan are still underwater. and battery tunnel is filled with water. there are no estimates on when it will be pumped dry. across the hudson, in hoboken, national guard there, working to evacuate 20,000 rez dent 20 rese been without power for two days, and streets emerged. and destruction along jersey shore, agonizing to rehold. the resort town, off limits tonight even residents cannot enter, hurricane blowing many of the million-dollar homes off their foundations. and broken gas lines. adding more obstacles to what will be a long-running recovery, 6 million people still in the dark acr
by the storm, think again. superstorm sandy crashing through the midwest. airline passengers stranded across the country. gas and other energy prices could rise no matter where you live. "money" is breaking it all down. also money tonight, the owing bell will ring once again on wall street. restart of trading tomorrow create a perfect storm for stocks. we're going to explain that. >>> does our government now need a secretary of business? president obama thinks so. what about the business community? we're going to get reaction straight from business owners mouths. even when they say it's not, even in this storm, it's always about money melissa: so, starting off tonight, no doubt hurricane sandy will cost a lot of money. it is still going strong, headed right for western new york. let us get the latest on the path from weather.com meteorologist. bernie, what is it getting ready to hit now? >> it is off to the east of pittsburgh. as you mentioned melissa, it is moving northward, when you take a look at storm, look how large it is. it is covering the eastern half of the united states. there is m
safe and be careful. ♪ gerri: hello, everybody. i'm gerri willis. breaking news. hurricane sandy set to make landfall at any moment. maybe as soon as to the 30 minutes near atlantic city new jersey. now, so far the storm has left 850,000 people, a million people without power tonight. possibly as many as a million according to some reports. the number is him of course in a rapidly growing. the hurricane will continue to sign the east coast with strong force tonight and into tomorrow. new jersey, delaware, pennsylvania, parses a maryland in storms direct path. in new york city the strong wind gusts has caused a construction crane to collapse at a luxury high-rise building in midtown manhattan where it is now hanging on by a thread. no injuries had been reported, and residents have been evacuated. bridges, tunnels, trains also shut down in the manhattan area. the hurricane combined with a nor'easter is expected to stretch into the great lakes with up to 3 feet of snow forecast in the mountains. the appellation reason especially west virginia. airlines have canceled dozens of flights in
in much of new york city for the first time since sandy crippled the nation's largest transit system. service is limited. that is the case for commuter trains as well. police are enforcing carpooling and bridges into the city. bleeding lines of traffic rushing for miles. after canceling more than 20,000 flights from all three of the major new york area airports are open for business. la guardia opened today with a reduced schedule after having two of its runways flooded by sandy. what a mess. new estimates show just how about the economic damage could be from sandy. according to the forecasting firm, the chastity is $50 billion high. they originally said $20 billion. it is actually more than double. widespread power outages will push the costs higher than the typical storm and the loss of business activity. we are going to hear more from the coast guard coming up. right now, we are going to go to staten island and representative michael graham is on the phone for us. congressman, we have been watching pictures from your district, staten island, for days now. how is it going there? ar
years. although most of us in the northeast have definitely not put the shock of hurricane sandy behind us, it looks like the markets at least for now are doing that today. trying to make a go of it. dow jones industrials on track for the first 1% gain since september 13th. that's session highs today. the the dow was up more than 177 points. we're still holding on to pretty significant gains here of about 130. leading the dow right now, bank of america, caterpillar, microsoft, caterpillar should be no surprise to anyone. earth-moving equipment will be in great need post sandy. shares of companies expected to benefit from all of the rebuilding after hurricane sandy are rallying today. take a look at masco, up nearly 7%. they do home improvement and building products. then you've got trex company, manufacture and distribute wood and plastic composite products related accessories primarily for residential commercial decking application. they are getting a nice boost. watsco also getting a good bump. valspar, big in construction, up nearly 4%. lennox getting a nice 3 1/2% bump here, climate
their earnings releases due to hurricane sandy. we will be showing you live pictures of ocean city maryland and a brunt of the storm as it gets there. [ male announcer ] this is steve. he loves risk. buwhether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocketcience. it's ju common sense, from td ameritrade. oh, heylex. stpicking up some, brochures, posts copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop her hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banner
to you. dagen: thank you. connell: hurricane sandy sweeping through staten island. dagen: adam shapiro is standing by with the very latest on the recovery efforts. >> you see this car right here, just one of many that got tossed around by the floodwaters. i want to show you some of the houses. they have inspected 650 structures like this one. you can see this one still has a restricted use sticker. it eventually can be used again. i want you to come back with me, if you can. you will see these two guys over here. this is national red. they are walking neighborhood to neighborhood shouting the gas off. did you come down to this house right here, this sums up what is happening to a lot of people. it says unsafe area: do not enter or occupied. this house will have to be torn down. two of the victims of this tragedy, two elderly people died. i can report to you right now, the new york city sanitation has set dump trucks and tractors that are at the end of this street picking up debris. the floodwater actually destroyed property inside the homes. take a look at this pile of garbage. refrig
's listen. >> an update on the city's recovery from sandy as of this moment. i went to some of the areas in south brooklyn hit hardest by the storm. i did talk to some homeowners, went inside some of their houses and some had been severely damaged by sandy. the homeowners are still without power. some of them are still pumping water out of their basements, and they're confronting what they have lost and what to do next. the bottom line is the most important thing is to deal with those we have fatalities, help those families through the unimaginably tragic occurrence in their lives, something that they will not recover from, and then understand that the people who lost their houses or don't know where they will get food or water have some confidence that we are going to be there for them, that we are doing what we can as fast as we can consistent with making sure that we have no further loss of life, so for example in turning on power, if there's a chance turning on power is going to start a fire, we will err on the side of caution. if there is an issue the safety of one of our first resp
" tonight. a whole new crisis growing in sandy's aftermath. gas supplies running out. desperate customers waiting in massive lines across the northeast. we'll tell you if it will bring the region to a standstill. >>> plus an oil spill dumps nearly 300,000 gallons of fuel in new jersey. this could be another big blow to the supply crunch. steven schork from the schork report is here with all the answers. >>> new york city is just beginning to recover from the storm but some businesses refused to their doors are making a killing. that is so new york. i will talk to one restaurant owner who hasn't stopped serving three meals a day to many more people he could have ever expected. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines the bulls coming out strong to kick off november. a series of strong economic reports today helped boost investor optimism. the dow posted its biggest gain since september 13th, closing up 136 points. >>> building supplier masco was one of the biggest winners on the day. its shares rallied nearly 7% fue
, unfortunately, than the effects of hurricane sandy. neil: and always a pleasure through crisis alike, we're about six minutes to the opening bell and keep in mind this is halloween, there's been a move afoot in the garden state, new jersey, chris christie, we already knew he was a very power governor and he wants to move it to november 3rd, so the kids can trick-or-treat on november 3 and my sons i know are watching, guys, you know the rules, the candy, you know, some for you, some for me. we'll have more. [laughter] and everyone, everyone, stick around. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and neay 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. new pink lemonade-benz 5-hour energy? 5-hour energy supports the avon foundation for women breast cancer crusade. so i can get the energized feeling i need and support a great cause? i'm sold. pink lemonade 5-hour energy? yeah and a portio
in the united states? we have team coverage following the path of hurricane sandy. steve harrigan has the impact from ocean city, maryland but right now let's take it to jeff flock in point pleasant beach new jersey. jeff? jeff: a little bit of ground zero for you, liz, at this hour south jersey really in the sights of this and for the worst of the storm. it's extraordinary in i have not covered a hurricane that has been -- the on set of which has been like this, which is just steady blowing, raining, coming at you, a sandblasting you, and no let-up. usually there's a let-up. usually there are fingers, there are ribbons of intensity that come in. this is just all blow coming straight at you. take a look at this sea foam on the beach, and i will tell you, we are not that far away from low tide. the key is going to be tonight when we get to high tide here because you see that surf behind me, the wind that has been pushing that surf begins to then cooperate with the tide at about 7:16 local time here in point pleasant beach new jersey and that begins to drive that water inland. that's what's going
by a blizzard conditions wrought by hurricane sandy. to have this at the end of october high unusual and despite all the destruction and damage tomorrow the markets will open and trading will resume as usual. hurricane sandy left the east coast with eight million people, that is the latest number that came in in the last couple minutes, eight million people in the dark, hundreds of homes and businesses underwater. we got facebook friends and twitter always to follow only if it was safe for them to do so and here are the first look of pictures but the picture from mike in fairfield, new jersey. he is so can about the car is not. that tree coming down, this picture is from long island, new york. a huge tree completely uprooted and tipped over. the street looks like a river in bay shore, long island, new york. many businesses are in the recovery business and drying out, they will not have a problem at long as they can get their generators up to speed, but when you look at all that is happening is home depot, lowe's and lumber companies that benefit most as people try to rebuild and recover. if you
tonight, for homeowners, affected by hurricane sandy their troubles just beginning, what does this mean are in insurance claims. gerri: and new york stock exchange opens for first time since the storm. but did it have to close in the first place? and where was the back up system? answers next. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. taefficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares
sandy their troubles just beginning, what does this mean are in insurance claims. gerri: and new york stock exchange opens for first time since the storm. but did it have to close in the [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive but feel alive. the new c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ve lately.ugh mercedes-benz but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a differ
at 10 a.m. eastern to make that determination, so we'll have that news for you. and hurricane sandy didn't stop ford from reporting earnings. why would it? ford much better than expected profit. and costs cut and north america was phenomenal. don't forget a week away from presidential elections both candidates may bring this up between now and then and speaking of which the key swing state of ohio seems to be tilting tornado romney. and it's obviously close, but the first time romney had even a modest lead in ohio and perhaps, ads like this one, criticizing president obama's handseling of the auto industry could sway voters there. >> obama took gm and chrysler into bankruptcy, and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. charles: all right guys, ford didn't take a bailout and amazing numbers, general motors in the meantime, losing market share, bogged down by the volt, bogged down by a pension, bogged down by government interference, i don't know. >> all of solvable exception the pension problem. they didn't go throug
♪ ♪ imus in the morning ♪ >> a gas crisis, that's sandy's legacy today. and the numbers on the economy right before the election are not encouraging for the president. good morning, everyone. do you want gas? in the new york area, you will have to wait for hours, you want power? millions will wait for days, but it's the supply of gas that is today's crisis. driving to work will be almost impossible for millions. piled on top of the mass power outage, the whole nation's economy will surely take a hit. new numbers today, paint a grim picture on employment and it's a snapshot of the economy which remains weak. the latest fox news poll shows a dead heat and the candidates are tied five days to the election. we are we go. another big day. "varney & company" is about to begin. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is
melissa: i'm melissa francis and tonight on "money", hurricane sandy churning its way through the east coast, paralyzing lives for millions of people in more than half a dozen states from extensive evacuations to widespread power outages to a complete shutdown in transportation systems. we've got all the big money angles covered. first oil prices tumbled to a 3 1/2-month low. major east coast refineries are shutting down right now but will gas prices spike? we're going to tell you if there's a supply shortage just around the corner. >>> say hello to the october surprise. the storm is causing chaos for the presidential campaign and it could turn the outcome of the election on its head. >>> the odds of catastrophic damage from the storm are high but there could be a silver lining for he economy. even when you think it's not, it is always about money. melissa: so our top story tonight of course hurricane sandy ripping up the east coast, 90 mile-an-hour winds. storm surges up to 11 feet. hundreds of thousands of people right now without power. the national guard now on the street
! the election now three days away, anger and frustration continue to mount over the response to sandy. today, it is the tale of two remarkable lines, this for folks looking to fill up, as the shortage of gas leads to rational and more and these lines, folks lining up for early voting in florida. some waiting for four hours to vote. so far, more than 25 million americans have cast ballots in 34 states. we're on top of both, during the next two hours, with among others, louisiana republican governor bobby jindal on the storm after the storm, and we have former general electric ceo jack welch on the economic storm he sees brewing and congressman charlie rangel on the government's stormy response to sandy. and how it reverberates, first the latest for you on what is going on. forget the dollars, the sandy thing is turning dire, very dire. over 100 dead and the count expected to go higher as rescue workers reach the flooded homes and, mayor bloomberg predicting more bodies will be found and president obama holding a conference call with the governors of new york, new jersey and connecticut. and,
power in sandy's wake. all of those above-ground power lines are largely to blame for this. we'll dig in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies sent shares up 2%. that makes sense. facebook shares tumbled 4%. a lockup expired on 229 million shares today. another 804 million shares wil
hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap rich people are subsidized by the poor people they have a good time the houses are washed away. john: before the storm the president held a press conference that the red cross. >> we are here because the red
been talking to all day long about this idea of having a marathon in the wake of sandy? >> people wanted it canceled. when it was announced it was being canceled i asked police officers what they felt about it and they responded in unison "good." now a girl we spoke to earlier, you got choked up, you're very emotional that the marathon would be run. what is your reaction? >> i am relieved. the right people are here taking care of what needs to be focused on witches for the city and staten island who is the unknown borough. >> since it is known that was heard. the smallest voice was the largest today. what would you say to michael bloomberg about the decision to cancel? >> thank you. take care much because now the officials can pay attention to what needs to be done. the cleanup and get people back and make a new staten island. >> really quick, what the people need now, they need cleaning supplies, gloves to protect their hands as they cleanup, if you're goingo make donations people have been driving down here dropping stuff off, that is the kind of stuff they need now. gerri: what
told hurricane sandy is proof we need a powerful federal government, the fema to provide emergency management. the just makes sense. disaster across state lines who but the fed can help? the new york times declared a big star requires big government. very few politicians are skeptical. it is a relief to turn to ron paul. doctor, it is of myths that we need fema? >> i think so. it causes more harm than good. we handle plus a disasters 204 years before we had fema i have taken this position for a long time since the was first in office and i kept getting reelected because people were tired of fema. locked into insurance and it is a bureaucracy. they just takeover. john: across the fed line they have to have rolled? >> no. we should have real insurance. it causes many of the problems because they say you have to have insurance. they will noo sell it. that tells you it is too dangerous. soap rich people are subsidized by the poor people they have a good time the houses are washed away. john: before the storm the president held a press conference that the red cross. >> we are here becau
maybe they thought nobody would best. >> three ipo today the first after hurricane sandy. look at restoration hardware up 32% of the earlier highs but it had a great pop which is a furniture retailer excepted beautifully. standing next to south cross energy up battle point* 5%. they did well even though hurricane sandy blooms on the eastern seaboard. liz: day do not sell hardware. they sell pretty stuff. [laughter] lasalle whole crew knows, the devastation from hurricane zandi -- sandy is felt that these coast with the energy side then the human side. we have lived team coverage 40 miles from and had an atom we will start with you. >> behind me receive the national guard and passing a water but also red cross now showing up but the field of dreams foundation and they showed up early on their own volunteers bringing food and clothing. diapers, betting common medications, food if you can cook or pizzas if you cannot. people are coming out with converters for govett is what is going on in staten island. those who are still waiting for the sanitation trucks they are furious the new
. taking it very calmly. look at line lumber futures, a 19-month high because of rebuilding plans for sandy. liz: let's look at one of them, the timber etf cut some of the top holdings like warehouses, west frazier timber. looking at the names looking good, but when you see a 19-month high for lumber, just an incredible move. it's a thinly traded market, but big move nonetheless. david: other stocks rallying in anticipation of the rebuild, electric generators, and eagle rock, making insulation. those getting a little bump because of hurricane sandy. liz: shining star for ecomaterials, not a name familiar with many viewers. trading in full effect today after two days of being halted due to the hurricane. no flash crash, and markets fundamentally moving well. talking live to the ceo of the nasdaq omx group, world's largest exchange company about today's trading and the impact of the two day close sure. remember, nasdaq is an electronic market so why did they have to close? we'll get all answers from bob. david: a question people ponder, as the housing market gets better, better to rent or buy
there are actually three ipo's today. the first ipo since hurricane sandy restoration hardware, dell logics and this particular party for cross energy partners. stuart: there's a big crowd and i saw priceline up $69, and old dot-com days would have 50, 60. and another one, starbucks, how far is that up? >> we have a lot of big movers, include starbucks in there. they had their profit on the rise and they beat the analyst estimates and they also raised their view for 2013 unlike mcdonald's and chipotle and companies that give out signs, starbucks is a different story and different winner. >> 10% is 10%, we'll take it, the dow is up 27 after the first showers of business, time is money, here we have 30 seconds worth of what else we're watching. huge gas shortages in new york and new jersey, most stations have no power or no gas. when you can find a station that's pumping. where can you? we'll ask patrick doohan with gas buddy, if you ever needed one now is the time. now for 2014, a new tax form to ensure that you have health insurance. grover norquist is with us to explain that one. two big s
. good perspective. david: new jersey to manhattan and beyond. the gas shortage is the latest sandy wall. they cannot top destinations out because of lack of energy. we are getting the latest from the head of new jersey gasoline and convenience auto association. liz: tupperware much more than storage containers. it looks like investors are starting to notice. the stock is up more than 18%. in just the last month. the ceo of tupperware joining us in a fox business exclusive. david: where will the candidates focus their energy during the home stretch. only a couple more days left. more on all of this to come. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. he's going to apply testost
david: sandy wrecking the east coast. all stock markets are closed for a second day. this is historic. a record number of people left without power. nowhere near this much before. homes flooded. roadways blocked and transit systems shut down. new york was hit very hard. the whole region is out of power. we're live on the ground with the very latest. liz: this is ocean city, maryland. obviously the water is still pretty rough out there. we have 15,000 flights that have been cancelled. it's actually closer to 16,000. this is a result of the storm. jetblue chief operating officer joining us with an update live and a look at just how costly this might be to the industry and to his company. david: no airline has more flights coming in and out of manhattan. and with homes destroyed across the east coast, a storm could have a huge impact on the housing market. could the rebuild actually help keep this housing recovery going a little? we will be talking to carl case, coauthor of the case shiller index. let's get right to the heart of the action as we continue to survey the f
with supply disruptions on the east coast worried about hurricane sandy. the 10 year note is coming back with a sense things are slowly improving. consumer confidence shows rising at to a five-year high. some expected more than that. more bad news with the president green energy agenda. despite -- inspector general slamming the green jobs training program and that the independent report. more than half of the 81,000 who participated and completed the training, already had jobs. correct. more than half the bowing to the training already had jobs. those who were desperate for work only 38% actually got a job and them spending 530,000 to achieve those results. the president now has his eye on executive pay rules. the next expansion of government. not a modest proposal that the stability of markets that people may risky bets. they face limited consequence if they don't. >> it tilts bowl ystem of risky behavior by the time the chickens come home to roost, think of this concept, chickens and pay, they are ahead of the game. lou: joining us now is steve forbes. the president if he does not win
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